Our Silver Coinage and Its Relation to Debts and the World-wide Depression in PricesSherman & Company, 1885 - 108 páginas |
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Our Silver Coinage and Its Relation to Debts and the World-Wide Depression ... John A Grier Sin vista previa disponible - 2016 |
Términos y frases comunes
adopted amount argument assignats BARTINE bi-metallic bills of credit bullion value cause cent CHAIRMAN clause coin money coinage of silver cometallic commerce commodities Congress Constitution contracts Court creditor currency debtor debts demand demonetization depreciation effect equal exchange fact France free coinage full legal tender gold and silver gold coin gold dollar gold or silver Government grains greenbacks Gresham's law increase intrinsic value issue Judge SYMES labor Latin Union legal tender money legislation means ment million dollars mints monetary money metal MUTCHLER nations ounce paper money payable payment pounds sterling practical precious metals present price of silver ratio regulate Secretary SHELDON silver and gold silver certificates silver coin silver dollar specie standard silver STARK TELLER theory thing tion token coins trade dollar Treasury notes United valuation value of gold WALKER weight wheat WINDOM word worth
Pasajes populares
Página 48 - to make all laws which shall be necessary and proper to carry into execution" the powers of the government.
Página 37 - ... and the robberies committed by depreciated paper. Our own history has recorded for our instruction enough and more than enough of the demoralizing tendency, the injustice, and the intolerable oppression on the virtuous and well-disposed of a degraded paper currency authorized by law or in any way countenanced by Government.
Página 76 - Madison, who became satisfied that striking out the words would not disable the government from the use of public notes, so far as they could be safe and proper, and would only cut off the pretext for a paper currency, and particularly for making the bills a tender, either for public or private debts.
Página 75 - It will have a most salutary influence on the credit of the United States to remove the possibility of paper money.
Página 49 - The government, then, of the United States, can claim, no powers which are not granted to it by the constitution, and -the powers actually granted must be such as are expressly given, or given by necessary implication.
Página 83 - Most unquestionably there is no legal tender, and there can be no legal tender, in this country, under the authority of this government or any other, but gold and silver, either the coinage of our own mints or foreign coins, at rates regulated by congress. This is a constitutional principle, perfectly plain and of the very highest importance. The states are expressly prohibited from making anything but gold and silver...
Página 75 - Mr. Ellsworth thought this a favorable moment to shut and bar the door against paper money. The mischiefs of the various experiments which had been made were now fresh in the public mind, and had excited the disgust of all the respectable part of America. By withholding the power from the new Government, more friends of influence would be gained to it than by almost anything else. Paper money can in no case be necessary. Give the Government credit, and other resources will offer. The power may do...
Página 48 - to lay and collect taxes, to pay the debts and provide for the common defense and general welfare of the United States," and "to borrow money on the credit of the United States...
Página 11 - It is not intended to say that these words comprehend that commerce which is completely internal, which is carried on between man and man in a State, or between different parts of the same State, and which does not extend to or affect other States. Such a power would be inconvenient and is certainly unnecessary. Comprehensive as the word "among" is, it may very properly be restricted to that commerce which concerns more States than one.
Página 81 - The opinion of the Federalist has always been considered as of great authority. It is a complete commentary on our constitution; and is appealed to by all parties in the questions to which that instrument has given birth.